How to Maximize Rewards With the Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card makes things easy by offering a flat 1.5% cash back rate on every purchase you make. Keep in mind, though, that if you incur interest charges, you may have a harder time getting value out of the card.
As a new cardholder, earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. While other cash back credit cards may offer higher bonuses, even smaller spenders can access this bonus relatively easily. You just need to spend about $167 per month on the card to qualify.
Redeem your cash back for any amount and at any time as long as your account is active. Redemption options include statement credits, checks and gift cards. You can also use your rewards to spend through PayPal and Amazon. If you don’t want to redeem your cash back manually, you can set up automatic redemptions for a particular time of year or once your rewards balance reaches a preset amount. Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024.
Comparisons With Other Credit Cards
Annual fee: The Capital One Quicksilver Cash Rewards Credit Card has no annual fee, while the Capital One Venture Rewards Credit Card has a $95 annual fee.
Rewards: The Capital One Quicksilver Cash Rewards Credit Card earns a flat 1.5% cash back on every purchase. The Capital One Venture Rewards Credit Card earns a flat 2 miles per dollar on all purchases, except hotels and car rentals booked with Capital One Travel, which earn 5 miles per dollar.
Sign-up bonus: Capital One Quicksilver Cash Rewards Credit Card holders can earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. Customers with the Capital One Venture Rewards Credit Card can earn 75,000 bonus miles once you spend $4,000 on purchases within 3 months from account opening.
Benefits: Both cards offer travel accident insurance, 24-hour travel assistance services, $0 fraud liability and access to Eno, the Capital One digital assistant. Capital One Quicksilver Cash Rewards Credit Card also offers concierge services, and the Capital One Venture Rewards Credit Card offers an auto rental collision damage waiver.
For rates and fees of the Capital One Venture Rewards Card, please click here.
Annual fee: The Capital One Quicksilver Cash Rewards Credit Card doesn’t have an annual fee. The Capital One QuicksilverOne Cash Rewards Credit Card has a $39 annual fee.
Rewards: Both cards earn an unlimited 1.5% cash back on all purchases.
Sign-up bonus: Capital One Quicksilver Cash Rewards Credit Card holders can earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. The Capital One QuicksilverOne Cash Rewards Credit Card does not have a sign-up bonus.
Benefits: Both cards include $0 fraud liability, no foreign transaction fees and access to Eno, the Capital One digital assistant. Capital One Quicksilver Cash Rewards Credit Card, which is designed for consumers with excellent credit, also offers benefits including extended warranty coverage, travel accident insurance and complimentary concierge service. The Capital One QuicksilverOne Cash Rewards Credit Card, which is designed for consumers with fair credit, allows cardholders to be considered for a higher credit line as soon as six months from the time the account is opened.
For rates and fees of the Capital One QuicksilverOne Cash Rewards Card, please click here.
What Is the Capital One Quicksilver Cash Rewards Credit Card’s APR?
The Capital One Quicksilver Cash Rewards Credit Card offers an introductory 0% APR on purchases and balance transfers for 15 months, after which the APR jumps to 19.99% to 29.99% (variable). The initial promotion can be an excellent feature for cardholders who want to pay down a balance from another credit card or finance a big-ticket item interest-free. After the promotional period, however, the card’s APR is above average for cash back credit cards, according to U.S. News research.
Questions About the Capital One Quicksilver Cash Rewards Credit Card
Q: Is the Capital One Quicksilver Cash Rewards Credit Card a good credit card?
A: Consumers seeking a basic cash back card with a 0% introductory APR on purchases and balance transfers with no annual fee may be interested in the Capital One Quicksilver Cash Rewards Credit Card. But those that want to maximize rewards across multiple earning categories will likely be disappointed.
Q: What is the Capital One Quicksilver Cash Rewards Credit Card credit limit?
A: Capital One doesn’t disclose credit limit ranges. Your Capital One Quicksilver Cash Rewards Credit Card credit limit will be determined by income and other factors.
Q: What is Eno?
A: Eno is Capital One’s digital assistant. The technology monitors your account, provides alerts for suspicious activity, generates virtual card numbers, alerts you when free trial periods end and more.
Should You Get the Capital One Quicksilver Cash Rewards Credit Card?
- Want a simple cash back rewards program.
- Prioritize having no annual fee.
- Need a long introductory 0% APR promotion.
- Are planning a trip abroad and want no foreign transaction fees.
For Capital One products listed on this page, some of the above benefits are provided by Visa(R) or Mastercard(R) and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.